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Khyathi Dalal

BIZARRE: Binance seeks new banking partner as paysafe support ends | Mind Blowing Facts

Binance Paysafe Justin Sullivan Crypto
Binance is looking for a new banking partner to take the position of Paysafe. JUSTIN SULLIVAN/GETTY IMAGES.

Binance is looking to replace Paysafe as its banking partner.

The crypto exchange has notified all Paysafe users to convert their EUR balances into Tether  by Oct. 31.In the midst of the chaos brought on by Paysafe’s decision to stop supporting the system, this conversion tries to protect the value of users’ assets.

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